UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Emerson Electric Co. (the “Company”) announced that, effective on March 2, 2021, Michael H. Train has stepped down as President of the Company to become Senior Vice President and Chief Sustainability Officer of Emerson. Also effective on March 2, 2021, Emerson’s Chief Executive Officer, Surendral (Lal) L. Karsanbhai, has been appointed to the additional office of President.
As previously announced, Mr. Karsanbhai, 51, became Chief Executive Officer and a Director, effective February 5, 2021. Previously, Mr. Karsanbahi was Executive President of Automation Solutions beginning in October 2018, was Group President - Measurement & Analytical from 2016 through September 2018, and President Emerson Network Power Europe, Middle East and Africa from 2014 through 2016.
Item 7.01. | Regulation FD Disclosures. |
The following information is furnished pursuant to Regulation FD.
On March 3, 2021, the Company issued a press release announcing the appointments. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Forward-Looking and Cautionary Statements
Statements in this Current Report on Form 8-K and furnished in Exhibit 99.1 that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the scope, duration and ultimate impact of the COVID-19 pandemic as well as economic and currency conditions, market demand, including related to the pandemic and oil and gas price declines and volatility, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, among others, as set forth in the Company’s most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit |
Description of Exhibits | |
99.1 | Press Release dated March 3, 2021. | |
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 3, 2021 | EMERSON ELECTRIC CO. | |||
By: | /s/ John A. Sperino | |||
John A. Sperino | ||||
Vice President and Assistant Secretary |